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Apr 11, 2019
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sightof people have lost of what is going on in india. voters.ion potential how important are these elections to markets, mark? >> the people are underestimating how important india is. last year was the year it became the fifth largest economy in the world. that will be the case. it is never looking back. they are the fifth largest economy. demographics showing it that way. it should come in at 7%. it is not going to quite replicate the chinese model. they are going to become a player in the global stage. they are trying to compete in the tech sector and doing a good job. the election is a good story. better to know that rather than being uncertain. will probably be a positive for the next seven weeks will provide uncertainty. it will not be a clear result from early on. >> it takes a long time, doesn't it? weeks, in fact. thank you very much. managing editor. you can join the debate. if you want to get involved in the question of the day. be big an impact will they on local markets? let's get a first word news update. debra mao has that
sightof people have lost of what is going on in india. voters.ion potential how important are these elections to markets, mark? >> the people are underestimating how important india is. last year was the year it became the fifth largest economy in the world. that will be the case. it is never looking back. they are the fifth largest economy. demographics showing it that way. it should come in at 7%. it is not going to quite replicate the chinese model. they are going to become a player in...
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Apr 2, 2019
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a quick line on india, manufacturing, europe was a little different, but for india, 52.6, below where we were last 54.3. from a little bit disappointing on the pmi from india relative to where we were march versus february. that is the lowest reading since september of last year. nejra: good morning. you of pmi's, we had manufacturing from u.s. yesterday coming in better than expected, pushing the s&p 500 to its highest since october, just 2% from the record high. we are seeing the global equity rally take a breather in today's session, and it is reflected in u.s. futures as well, a little bit weaker. taking afutures also pause, you can see the pause in the global equity rally reflected in asia as well, after the best quarter for double equities in the first quarter 2010. you were talking about the bond markets, the three-month 10 year yield curve is no longer inverted. cable is on the back foot, the house of commons failing to find a plan b to theresa may's deal. there will be another cabinet meeting today. goldman sachs is saying that the biggest opportunity in development of curren
a quick line on india, manufacturing, europe was a little different, but for india, 52.6, below where we were last 54.3. from a little bit disappointing on the pmi from india relative to where we were march versus february. that is the lowest reading since september of last year. nejra: good morning. you of pmi's, we had manufacturing from u.s. yesterday coming in better than expected, pushing the s&p 500 to its highest since october, just 2% from the record high. we are seeing the global...
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Apr 21, 2019
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and in the future, probably focusing on marketing in india and china. for now, that is not our top priority. emily: that was zoom's ceo eric yuan. well, soon after a devastating fire engulfed notre dame cathedral in paris on monday, news outlets began streaming live broadcasts on youtube. that led to several clips including a box of text. the company introduced the tech text box feature last year to combat the spread of conspiracy theories including those that question the 9/11 attacks. but the software mistakenly labeled it as footage from 2001, triggering the panel below the video. in a statement, a youtube spokesperson said these panels are triggered algorithmically and our systems sometimes make the wrong call. we are disabling these panels for livestreams related to the fire. coming up, after years of battling it out, qualcomm signs a deal for royalties and chips with apple to end a global legal dispute. and if you like bloomberg news, check us out on the radio and on bloomberg.com and in the u.s. on sirius xm. this is bloomberg. ♪ emily: well, e
and in the future, probably focusing on marketing in india and china. for now, that is not our top priority. emily: that was zoom's ceo eric yuan. well, soon after a devastating fire engulfed notre dame cathedral in paris on monday, news outlets began streaming live broadcasts on youtube. that led to several clips including a box of text. the company introduced the tech text box feature last year to combat the spread of conspiracy theories including those that question the 9/11 attacks. but the...
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Apr 4, 2019
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in the past that was hitting india's rupee. it is up 7% in out year to date. -- and they are not cutting the rate again soon. >> they could go to 50. get as a chance we will more aggressive easing signal? >> they are not going to cut the key rate, they will reduce it to an economy gave -- and accommodative stance. let's look at gdp. another reason for the r.b.i., inflation is under control and gdp growth has pulled back, they are used to growing 7% a year or more. this is another thing, not the 6.6 percent is slow but definitely slower than it was. that is important to take into the equation. our team is looking for a second cut from the r.b.i. as soon as june of this year and if not then, in august. others say that with this fiscal support in the populist election, maybe the r.b.i. will hold its fire. that remains to be seen. we are pretty much on board. our team with the rate cuts. >> kathleen hays on the bank watch for us today. we will be joined for an theusive interview by central retail ceo, hear how he hopes to turn his
in the past that was hitting india's rupee. it is up 7% in out year to date. -- and they are not cutting the rate again soon. >> they could go to 50. get as a chance we will more aggressive easing signal? >> they are not going to cut the key rate, they will reduce it to an economy gave -- and accommodative stance. let's look at gdp. another reason for the r.b.i., inflation is under control and gdp growth has pulled back, they are used to growing 7% a year or more. this is another...
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Apr 10, 2019
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rishaad: the trading day in india. we have our reporter standing by in ground, 6/10 of 1% in the session there tuesday. tell us about this bank, above 30,000. what will the set up be looking like? reporter: you are right. the bank saw an issue, and they came back, taking the bank right above the 30,000 mark, and it stayed like that. a test with intraday trade. had all ofthat, you the index is putting up a good show. lacking, haveere seemed to go back. in the session, 1.2% for the auto index. stocks, two i.t. big heavy on the nifty friday. that would be an important watch. david: absolutely. thank you for that, devina. and asia, their most popular destination, stocks have jumped. we hit records. we have heard that prime minister narendra modi will win a second term, but it may not be enough. asia reporterur joins us now. adam, what is this all about? really, rish, there is already so many positives built in. if you think about the money in global equities this year, a lot of that has gone into the indian market. you see
rishaad: the trading day in india. we have our reporter standing by in ground, 6/10 of 1% in the session there tuesday. tell us about this bank, above 30,000. what will the set up be looking like? reporter: you are right. the bank saw an issue, and they came back, taking the bank right above the 30,000 mark, and it stayed like that. a test with intraday trade. had all ofthat, you the index is putting up a good show. lacking, haveere seemed to go back. in the session, 1.2% for the auto index....
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Apr 4, 2019
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let's talk about india. that will be a key one. we reached record highs when it came to the sensex and the nifty. we were off yesterday at head of that decision today. out of 43 economists are the only ones who think the rbi one not do anything, but were expecting a 25 basis point cut. some are saying it could go deeper into 50 basis points, but a stronger rupee today. the offshore rupee strengthening 0.5%. finance ministers and central bank governors are meeting in thailand. david: let's cross over to our chief international correspondent, our person on the ground. what is on the agenda today? well, governor's and finance ministers will be talking about taking the organization forward, thin tech, financial integration. i have indonesia's finance right here.e good to have you with us. let's take a look at the global economy. we heard from christine lagarde who is concerned about the e deceleration.he acceleratio >> we all worry how this implies for the global economy. we see in the last quarter of 2018, the deceleration is already
let's talk about india. that will be a key one. we reached record highs when it came to the sensex and the nifty. we were off yesterday at head of that decision today. out of 43 economists are the only ones who think the rbi one not do anything, but were expecting a 25 basis point cut. some are saying it could go deeper into 50 basis points, but a stronger rupee today. the offshore rupee strengthening 0.5%. finance ministers and central bank governors are meeting in thailand. david: let's cross...
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Apr 19, 2019
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we were saying australia has been expanding for 30 years, china, korea, india. there is no natural limit. the fed is off the table. they're willing to let inflation run hot if need be. they will not take the punch bowl away -- the punch away. europe, countries like germany are much bigger exporters of the u.s. some of the consumer numbers are not consistent with the recession. the idea will going to worldwide depression is overblown. jonathan: a few dynamics we will work our way through. let's start with united states and the idea that we are late cycle. there are so many people who believe we are late cycle. when you ask them why, they will tell you it is because it has been going on for a long time. can you define late cycle by duration alone? victoria: no. it can go on for a much longer time. with the central banks were they are, the federal reserve on pause, you had india cut rates, you have a situation where things can continue for a longer time. there is no timeline on how long this has to be as long as you have fiscal policy and monetary policy situated i
we were saying australia has been expanding for 30 years, china, korea, india. there is no natural limit. the fed is off the table. they're willing to let inflation run hot if need be. they will not take the punch bowl away -- the punch away. europe, countries like germany are much bigger exporters of the u.s. some of the consumer numbers are not consistent with the recession. the idea will going to worldwide depression is overblown. jonathan: a few dynamics we will work our way through. let's...
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Apr 30, 2019
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this is bloomberg. ♪ caroline: amazon aims for a $4 billion additional export for india. the company says total shipments have reached $1 billion since the company started its global seller program in 2015. it is now in a pitched battle inh walmart for the edge india after the retailer spent $16 billion last summer to buy control of the local e-commerce app. , because it just kicked off its ipo roadshow and says it has demand for all its shares in the planned public offering. willide-hailing giant continue meeting potential buyers in new york and san francisco as it seeks to raise as much as $9 billion. bloomberg has been high on the heels of the roadshow. yesterday in london, today in new york. they are going to sell all of the millions, but what price will they be able to get? >> this is the kind of story where we would be upset if it wasn't the case. if they couldn't get within their own range, that would be troubling. the question is, at what price within that range and do they have to push it up because of it? this is a good step, still early in the roadshow, to say
this is bloomberg. ♪ caroline: amazon aims for a $4 billion additional export for india. the company says total shipments have reached $1 billion since the company started its global seller program in 2015. it is now in a pitched battle inh walmart for the edge india after the retailer spent $16 billion last summer to buy control of the local e-commerce app. , because it just kicked off its ipo roadshow and says it has demand for all its shares in the planned public offering. willide-hailing...
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Apr 12, 2019
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india is one of the few central banks that has cut rates. most of the other central banks are staying where they are. some talk about a rate cut which may manifest. we might see a rate cut later in the year. it seems to be more backdated rather than a frontloaded cycle. they want to keep a real interest rate spread over treasuries. it does lead to a currency weakness in em. often when we talk about emerging markets, we make the link to crude oil. we are heading for a six the week of gains. when you look at the price, does that figure into thinking about allocating emerging markets? from a portfolio planning point of view, we are seeing a long-term decline in demand as people heed to houses more efficiently. the demand for plastics is in decline as people say, we cannot have this plastic. given that world energy demand is continuing to rise, the pricing signal is a green light sustainable energy. investors should be rebalancing away from gas. into sustainable energy, which will be a very high return in years to come. nejra: great to have you
india is one of the few central banks that has cut rates. most of the other central banks are staying where they are. some talk about a rate cut which may manifest. we might see a rate cut later in the year. it seems to be more backdated rather than a frontloaded cycle. they want to keep a real interest rate spread over treasuries. it does lead to a currency weakness in em. often when we talk about emerging markets, we make the link to crude oil. we are heading for a six the week of gains. when...
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Apr 28, 2019
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india boycotted this. the region, how do circling india, they will have nothing to do with it. paul: don't mention the war. theident xi didn't mention trade war but didn't send a powerful -- did send a powerful message. kathleen: he is ready it seems to not just sign on to but become a leader in, a champion in all the things being discussed in the trade negotiations. he talks about state subsidies being whittled down, getting rid barriers, a big complaint of foreign countries trying to invest, imports, property protection, another big one. one of the key things people heard loud and clear was no more harmful currency deflation. tool tonot use it as a weaken our currency and paste exports. he highlighted binding imports for international agreements. this struck me so much in the face on friday when i heard this, a message to the white house and the world change is afoot and china is embracing this bigger role in the world. it is a powerful statement he wrapped into all of his comments. thank you so much for that. 5000 delegates attending. the new avengers end game movie is smash
india boycotted this. the region, how do circling india, they will have nothing to do with it. paul: don't mention the war. theident xi didn't mention trade war but didn't send a powerful -- did send a powerful message. kathleen: he is ready it seems to not just sign on to but become a leader in, a champion in all the things being discussed in the trade negotiations. he talks about state subsidies being whittled down, getting rid barriers, a big complaint of foreign countries trying to invest,...
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Apr 25, 2019
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how much of that can be traced to india, where amazon has made a large investment, and some policies have changed around allowing non-indian sellers to operate? brent: the biggest blemish in the quarter was the international miss, relative to what the street was looking for. the north american business picked up the slack, if you will. international historically has been very hit and miss. as they expand into these markets, they are not the same dynamics as in the u.s. in australia, delivery speed isn't the same, so do they have to invest in new infrastructure to get delivery where they want? so the goals we would like to see are probably not, to michael's point about the business, youad cannot really straight-line the international business. it will be wonky. we think there is a termite's opportunity. we have traveled to many of the countries they are in, and asked end-users about their experiences in japan, in europe, in south asia. there's clearly, this is where it is headed, placing more items subscriptions, services. the overall basket continues to grow, and will track what the
how much of that can be traced to india, where amazon has made a large investment, and some policies have changed around allowing non-indian sellers to operate? brent: the biggest blemish in the quarter was the international miss, relative to what the street was looking for. the north american business picked up the slack, if you will. international historically has been very hit and miss. as they expand into these markets, they are not the same dynamics as in the u.s. in australia, delivery...
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Apr 17, 2019
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india. growingergy in india 12% to 15%. very healthy growth in the economy but accelerated in certain areas. nejra: very interesting. james bevan came up with that idea of solar energy. jeffrey, i know that you have been fairly bullish but are we at any sort of inflection point? basis, itn a relative would be one of our current overweights in the context of a portfolio. but most clients are actually surprised not that we were holding em but that we were holding so little. i agree with the illiquid side of things. the client see things on the specific private equity side. it is something that we are increasingly focused on. cyclical trends matter but i am attached to demographics. matter but i am attached to demographics. less so in india, but china will grow rich. opportunities along those lines as well. nejra: if demographic concerns are a concern for you, jeffrey, what about for you, andrew? it's not that it's not a concern, but it is a concern for different reasons. in africa islity between five and six across the contin
india. growingergy in india 12% to 15%. very healthy growth in the economy but accelerated in certain areas. nejra: very interesting. james bevan came up with that idea of solar energy. jeffrey, i know that you have been fairly bullish but are we at any sort of inflection point? basis, itn a relative would be one of our current overweights in the context of a portfolio. but most clients are actually surprised not that we were holding em but that we were holding so little. i agree with the...
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Apr 21, 2019
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we were talking before that australia has been expanding for 30 years, china, indonesia, korea, india. you can go on and on. there is no natural limit. the fed is off the table. they're willing to let inflation run hot if need be. they will not take the punch bowl away. jonathan: take the punch bowl away. >> i think the fears in europe -- no one is going to say europe will be gangbusters in growth. countries like germany are much bigger exporters than the u.s. some of the consumer numbers are not consistent with going into recession. do we expect strong growth there? no, but this idea we are going into worldwide depression is overblown. jonathan: a few dynamics we will work our way through. let's start with united states and the idea that we are late cycle. victoria, i would love your insight into this. there are so many people who believe we are late cycle. and when you ask them why, they will tell you it is because it has been going on for a long time. can you define late cycle by duration and duration alone? victoria: no. you can't. it's like what you were saying a moment ago, it c
we were talking before that australia has been expanding for 30 years, china, indonesia, korea, india. you can go on and on. there is no natural limit. the fed is off the table. they're willing to let inflation run hot if need be. they will not take the punch bowl away. jonathan: take the punch bowl away. >> i think the fears in europe -- no one is going to say europe will be gangbusters in growth. countries like germany are much bigger exporters than the u.s. some of the consumer numbers...
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Apr 7, 2019
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. ♪ >> on to india, the central bank has delivered a back to back interest rate cut. this is to support the sluggish economy before national elections kickoff. the repo rate was lowered by 25 basis points to 6%. when you look at india, in the vote, it seems polling and early investigations point to the fact that there could be a rejection of the established political class. how true is that? >> on one hand, there is a serious debate on jobs in this country. there is another equation with the data on growth has been in question. india has cut interest rates and cut the forecast, and more importantly, cut the growth forecast by 7.2%. >> political party comes to power, it will be faced with a slowing economy and a serious jobs crisis. ♪ >> president trump intends to nominate herman cain for a seat on the federal reserve board. that is according to people familiar with the matter. what are his qualifications? >> he does have some qualifications. perhaps more than stephen moore. he was a business executive. you mention his experience with the kansas city fed. those are g
. ♪ >> on to india, the central bank has delivered a back to back interest rate cut. this is to support the sluggish economy before national elections kickoff. the repo rate was lowered by 25 basis points to 6%. when you look at india, in the vote, it seems polling and early investigations point to the fact that there could be a rejection of the established political class. how true is that? >> on one hand, there is a serious debate on jobs in this country. there is another...
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Apr 1, 2019
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and we are looking for rate cuts in india this week, in korea by the and of the year, in malaysia and the philippines. so the backdrop for australia is soft, so not a good starting point. but that is really compounded and coming at a bad time, over extendede an consumer and a housing market that is turning down. it is not all negative. we have some fiscal stimulus coming through today. but we are on a cautious below consensus growth end of the spectrum and we think the reserve bank is going to have to move over the course of this year and deliver a little more interest rate support. haidi: the household wealth affect. i want to put up this chart, taking a look at government spending, picking up where consumer demand has been waning. you can see the split in the red and blue, consumer household consumption. is this expected to be worse as we continue to see declines in the property market? >> the government has been a strong point for the economy, and the government is rolling out infrastructure spending. we will probably get another announcement on that front tonight, so that is helpf
and we are looking for rate cuts in india this week, in korea by the and of the year, in malaysia and the philippines. so the backdrop for australia is soft, so not a good starting point. but that is really compounded and coming at a bad time, over extendede an consumer and a housing market that is turning down. it is not all negative. we have some fiscal stimulus coming through today. but we are on a cautious below consensus growth end of the spectrum and we think the reserve bank is going to...
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Apr 25, 2019
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they have run into problems in india. certainly they are not the market leader in several other countries that are quite large. jitendra: most is coming from five countries, u.s., u.k., germany, japan, and france. they're scaling country by country but india is the biggest investment outside the u.s. it's a long-term play there. emily: and they're running into regulatory issues with the indian government. jitendra: it's very early on, and everybody will learn in the process and modify and walk along that way. this is a longer term plan. the financial impact for, say, in the near term is limited but longer term, i think they should be able to navigate like any other ecommerce player. emily: do you see high potential another market? longer term beyond the five? india being the big one and when? when you say long term is that five, 10 years from now? jitendra: it depends the scaling in these countries. if you look for square footage, their square footage in the u.s. has been strongest. so clearly over here they have been sca
they have run into problems in india. certainly they are not the market leader in several other countries that are quite large. jitendra: most is coming from five countries, u.s., u.k., germany, japan, and france. they're scaling country by country but india is the biggest investment outside the u.s. it's a long-term play there. emily: and they're running into regulatory issues with the indian government. jitendra: it's very early on, and everybody will learn in the process and modify and walk...
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Apr 2, 2019
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we are awaiting the reopen of india's markets. we have, of course, been seeing these record highs coming through. heading into the election period. there has been a lot of foreign money going into that market as well which is holding at the highest levels since the index actually opened in april, 1979, for sensex. we are waiting for that. also seeing the strength in the currency. let's go to mumbai while they are waiting to take us through what to expect from today's session. as i said, we've seen the fresh record. what are we expecting today? more of the same? >> absolutely we're expecting the sensex moving upwards as the indication. re importantly, they are waiting for the nifty. also move up above levels of lifetime highs. they are opening with gains off a little over a quarter percent, nearly half a percent, actually, and the broader market index, that's the nifty hind, is up by as much as .4%. pe. rd on the ru 69.16 but we are see fluctuations but all eyes on the nifty now for it to move into unchartered territory. rishaad: t
we are awaiting the reopen of india's markets. we have, of course, been seeing these record highs coming through. heading into the election period. there has been a lot of foreign money going into that market as well which is holding at the highest levels since the index actually opened in april, 1979, for sensex. we are waiting for that. also seeing the strength in the currency. let's go to mumbai while they are waiting to take us through what to expect from today's session. as i said, we've...
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Apr 16, 2019
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this as india has become the fastest growing smartphone market in the world. coming up, consumers will finally be able to buy samsung's foldable phone and we got a sneak peek. check us out on twitter @technology. this is bloomberg . ♪ emily: the european union is taking a closer look at google's tax arrangement in ireland. they want to know how they use operations there to reduce tax obligations within the eu. it is one of samsung's boldest devices to date. earlier this year, the company unveiled the galaxy fold phone which could be a phone or a tablet, with a price tag of nearly $2000. our own mark gurman got his hands on the device for a closer look. mark: remember when samsung launched giant smartphones and there was a group who thought it was a gimmick? sampson hopes this will happen again and it will also turn mainstream. this is a foldable phone, you can run three applications at once. the user interface is fairly intuitive. it is not as consistent as i would like when flowing between the smaller screen outside the phone and the bigger screen when you
this as india has become the fastest growing smartphone market in the world. coming up, consumers will finally be able to buy samsung's foldable phone and we got a sneak peek. check us out on twitter @technology. this is bloomberg . ♪ emily: the european union is taking a closer look at google's tax arrangement in ireland. they want to know how they use operations there to reduce tax obligations within the eu. it is one of samsung's boldest devices to date. earlier this year, the company...
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Apr 17, 2019
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the pullback is seen as a sign amazon is shifting focus to growth in india. reserve released -- reiterating they see growth in a slight to moderate pace. let's dig in with that now. what were your key takeaways of the report this time? >> this was an incremental improvement. the economy grew at a slight to moderate pace in march and early april and several districts strengthened economic activity like housing sales and manufacturing conditions. was ad was saying there slow and softness we saw at the start of the we are -- year and they are just going to be temporary. they are seeing some reinforcement in their view that the economy may be taking up a little. it is not a huge growth. just like to moderate, as they said in the report. --thing in the base haidi: were there any significant differences compared to last month? shelly: it is similar to a wait and see approach for the fed. indicating that the economy and inflation is rising high. the labor market is still tight. unemployment at a nearly 50 year low. and companies are still siding that they are having
the pullback is seen as a sign amazon is shifting focus to growth in india. reserve released -- reiterating they see growth in a slight to moderate pace. let's dig in with that now. what were your key takeaways of the report this time? >> this was an incremental improvement. the economy grew at a slight to moderate pace in march and early april and several districts strengthened economic activity like housing sales and manufacturing conditions. was ad was saying there slow and softness we...
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Apr 5, 2019
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some of those factors are still at work. , because india has an election beginning this month. they're worried about prices going up to i think it will be a continuing negotiation. alix: that brings the question of how does saudi deal with it. the last time we had to deal with waivers, saudi arabia wound up pumping to get rid of no waivers, and president trump wound up surprising everyone. daniel: i think the saudi took a lesson because they heard the president thought it was going to zero, let's get it out, and then prices went down. the saudi's now, the message they seem to be giving as they will follow the market, rather than lead the market and they will wait and see what comes out of this. this administration will continue to push for zero exports. the question is, where they might do it -- one way they might do it is by saying they want zero commercial exports by later in this year. then you have to do more now. the two big countries, the difficulties are china and india. we see this attacking oil markets. david: we saw news a few days ago as they went out on the roadshow
some of those factors are still at work. , because india has an election beginning this month. they're worried about prices going up to i think it will be a continuing negotiation. alix: that brings the question of how does saudi deal with it. the last time we had to deal with waivers, saudi arabia wound up pumping to get rid of no waivers, and president trump wound up surprising everyone. daniel: i think the saudi took a lesson because they heard the president thought it was going to zero,...
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Apr 1, 2019
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new zealand, south korea, india, pricing in using over the next 12 months or so. do you look at this recovery story? actually, the global growth story may not be as bad as we thought for 2019? victoria: some people are thinking this could be the bottom. right? atecially when you look china. a lot of the issues have been domestic issues. we are seeing credit growth improve. purchases,t as many but there's infrastructure being built. see as we are starting to bottom. having the central banks take a step back, the fed saying they will be patient. at least towards the end of this year. that gives the market a little bit of time that they can see if things get better. is this a bottom? is this an upward trend? if there, this will be positive for all of the market. haidi: victoria, thank you so much for joining us. vittorio fernandez, chief strategist -- victoria fernandez, chief strategist. -- aiming to boost the government reelection hopes come may with a vote expected to be called next month. the fiscal plan is expected to of things forfull voters. what are we lookin
new zealand, south korea, india, pricing in using over the next 12 months or so. do you look at this recovery story? actually, the global growth story may not be as bad as we thought for 2019? victoria: some people are thinking this could be the bottom. right? atecially when you look china. a lot of the issues have been domestic issues. we are seeing credit growth improve. purchases,t as many but there's infrastructure being built. see as we are starting to bottom. having the central banks take...
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Apr 15, 2019
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they chose india's national investment and infrastructure fund. jet airways has suspended all international flights after failing to secure emergency funding. the carrier is only flying seven planes on domestic route. shery: that is it for daybreak australia. we will have all the action in daybreak asia next. this is bloomberg. ♪ haidi: a very good morning. i am haidi stroud-watts in sydney. we are one hour away from the australian market open. shery: i am shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." haidi: our top stories this tuesday, asia-pacific stocks facing declines after the rally ran out of steam in new york. rio tinto in focus as sydney opens. iron ore
they chose india's national investment and infrastructure fund. jet airways has suspended all international flights after failing to secure emergency funding. the carrier is only flying seven planes on domestic route. shery: that is it for daybreak australia. we will have all the action in daybreak asia next. this is bloomberg. ♪ haidi: a very good morning. i am haidi stroud-watts in sydney. we are one hour away from the australian market open. shery: i am shery ahn. sophie: i am sophie...
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Apr 18, 2019
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jet was once india's number two airline, having broken air india 's monopoly on it launched in the 1990's. the stock has collapsed over 70% in the last 12 months. that is your bloomberg business flash. matt: debra, thank you very much. a shakeup at j.p. morgan has started a fresh discussion on succession plans. francine the former ceo of the card services business becomes the groups cfo for the whole bank. marianne lake. , often touted as potential successor to jamie dimon who was the cfo checks over as head of consumer lending. joining us on this most-read story of the day is annmarie hordern. talk us through the changes. ofmarie: when he read some analyst comments, many are historic.t this is it puts it j.p. morgan against basically every other major u.s. bank in terms of how many women they have in these senior roles. even though it is probably years away for j.p. morgan to select a successor, it is showing that more women seem to be positioned at getting the experience they need in order to be elevated if they were ever to be ceo. what is interesting is that none of the six u.s. ban
jet was once india's number two airline, having broken air india 's monopoly on it launched in the 1990's. the stock has collapsed over 70% in the last 12 months. that is your bloomberg business flash. matt: debra, thank you very much. a shakeup at j.p. morgan has started a fresh discussion on succession plans. francine the former ceo of the card services business becomes the groups cfo for the whole bank. marianne lake. , often touted as potential successor to jamie dimon who was the cfo...
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Apr 22, 2019
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iranian exports mostly went to turkey,lso to japan, and india. we could see these waivers expiring. you can't really overstate that it will go to zero immediately. there are banks in china that could handle these transactions and allow the flow of oil still without being subject to the sanctions. we don't know if these flow issues will continue when everybody is expecting it to go to zero. >> what about the response from iran. thee has already been suggestion or the threat that the strait of gibraltar may be closed. >> iran threatens this every time, but what they are saying is if you physically try to stop our ships part of international trade, we'll take that as an act of aggression. we're just talking about sanctions on financial institutions, they won't close the strait. strait, ando the stop their ships from sailing, that becomes a more sizable risk. it is technically possible for them to close it or to significantly reduce the shipments through it. --take me back to your first point. you did see they are capable of filling any supply gaps. >> it would be the end for production
iranian exports mostly went to turkey,lso to japan, and india. we could see these waivers expiring. you can't really overstate that it will go to zero immediately. there are banks in china that could handle these transactions and allow the flow of oil still without being subject to the sanctions. we don't know if these flow issues will continue when everybody is expecting it to go to zero. >> what about the response from iran. thee has already been suggestion or the threat that the strait...
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Apr 2, 2019
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india has taken another giant leap in its space program, sending up 29 satellites in a rocket launch that is the first of its kind for the space agency. the largest satellite is a 400 kilo unit that will carry on a range of electronic experiments while in orbit. satellitesclude 24 from the u.s. and others including spain and switzerland. global news 24 hours a day on air and that tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. bloomberg. >> china is making a gesture of goodwill to the u.s. ahead of this week's round of trade negotiations. tariffs onspending u.s. autos and also including the opioid fentanyl on a list of banned substances, two moves that should contribute to a more positive atmosphere. let's bring in our editor for greater china, john neal. is it fair to characterize this as less about abstention concessions from china and more about smoothing the path of this next round of negotiations? john: i think that is a good way to put it. the fentanyl one, for example, is one that was agreed between trump and xi in argentina. t
india has taken another giant leap in its space program, sending up 29 satellites in a rocket launch that is the first of its kind for the space agency. the largest satellite is a 400 kilo unit that will carry on a range of electronic experiments while in orbit. satellitesclude 24 from the u.s. and others including spain and switzerland. global news 24 hours a day on air and that tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. bloomberg....
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Apr 29, 2019
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ignore india because india is close as well for a public holiday although it did well on friday. as you have been mentioning, it is a big week in terms of data. we are seeing a lot of people put data into the aussie. investors awaiting a number of these potential muted risks. the yen is fairly flat, although we have been watching that key support across golden week. we are looking for the next resistance. pesoing the philippines because the economic planning minister has come through saying first quarter gdp is expected around 6%. there could be cuts coming through from the central bank in the philippines. expectrategists saying to see a rebound in philippine stocks. manus: now, let's turn our attention back to europe. we have politics out of the way. we just looked at the bond markets in italy. s&p leaving the country's debt still the negative outlook. the next key european data tomorrow with the release of first quarter gdp for france, spain, as well as italy. goldman sachs says china stabilization would provide a boost this year. strategist at -- is my guest. let's do first of
ignore india because india is close as well for a public holiday although it did well on friday. as you have been mentioning, it is a big week in terms of data. we are seeing a lot of people put data into the aussie. investors awaiting a number of these potential muted risks. the yen is fairly flat, although we have been watching that key support across golden week. we are looking for the next resistance. pesoing the philippines because the economic planning minister has come through saying...
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Apr 8, 2019
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you about china and india. he points out all of the structural and systemic issues we have been accustomed to when it comes to china. is the risk reward there yet? dan: not even close. with china becoming ever closer to becoming a net debtor versus a net creditor nation, there is no system of records for creditors to speak of. lending on the part of the chinese banks and a tremendous amount of capital chasing yield in what is a new unsecured bond market that has really only been created to my sickly in the last 10 years. id not see a whole lot that is right with it. we see a lot of things coming down the pike that will be exciting for us as people who chase distortions caused by extremes in markets. in india, we have been involved for a long time. new insolvency law is interesting. it is a first test of really whether a system of records that is understandable on which markets can bet is out there. it seems to be holding, but we would say, as a general matter in distress credit markets in india, when you kind o
you about china and india. he points out all of the structural and systemic issues we have been accustomed to when it comes to china. is the risk reward there yet? dan: not even close. with china becoming ever closer to becoming a net debtor versus a net creditor nation, there is no system of records for creditors to speak of. lending on the part of the chinese banks and a tremendous amount of capital chasing yield in what is a new unsecured bond market that has really only been created to my...
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Apr 3, 2019
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india has the worst bad loan ratio of the top 10 economies. veteran of jerry and president -- algerian president has stepped down, leaving after the head of the army said he should go without delay. he had been in power for 20 years. he wanted a new five-year term. it is not known if it will be demonstrators. solomonsachs ceo david is visiting saudi arabia, the first head of a global u.s. bank known to have gone to the kingdom since the international furor over the murder of jamal khashoggi last year. wall street figures have softened their stance to saudi arabia, which has recently offered some of the world's largest transactions. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. shery: thank you. scott morrison is hoping the tax cuts announced tuesday will help sway disgruntled voters in the upcoming election. ae government projected shouldsurplus, which offer more ammunition ahead of the vote in may. let's cross over to paul allen in c
india has the worst bad loan ratio of the top 10 economies. veteran of jerry and president -- algerian president has stepped down, leaving after the head of the army said he should go without delay. he had been in power for 20 years. he wanted a new five-year term. it is not known if it will be demonstrators. solomonsachs ceo david is visiting saudi arabia, the first head of a global u.s. bank known to have gone to the kingdom since the international furor over the murder of jamal khashoggi...
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Apr 1, 2019
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will india join in the rally we are seeing across asia? it is still about 20 or 30 seconds to go before the open. markets are pointing -- futures pointing to a higher open, up by .5%, and in stocks upgraded to overweight. b.n.p. paribas, another reason why we should be seeing that rally when india opens later on. shanghai has a tech board xiaomi, butcreate our columnist says it is conspicuously short of some big names. companies upnine for listing, through the companies which have been vetted. tell us why you are so pessimistic. they are companies -- are not exactly famous chinese tech names, and this is the problem. how many people have heard of those nine companies that have been vetted? and a lot of people are thinking maybe there won't be any famous names, which is a big problem. where's the next xiaomi, tencent? where are the tech companies we are always talking about? it could be early days but so far the regulators are playing it safe. >> why would then the chinese tech firm -- what are the incentives to list on this new exchange? >
will india join in the rally we are seeing across asia? it is still about 20 or 30 seconds to go before the open. markets are pointing -- futures pointing to a higher open, up by .5%, and in stocks upgraded to overweight. b.n.p. paribas, another reason why we should be seeing that rally when india opens later on. shanghai has a tech board xiaomi, butcreate our columnist says it is conspicuously short of some big names. companies upnine for listing, through the companies which have been vetted....
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Apr 29, 2019
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india also was a much more recent growth market for us. we have been much more constrained by how quickly we can do a buildout than anything to do with streaming. i think it is an apples and oranges kind of thing. emily: imax ceo rich. good to have you with us. we will be watching to see what the avengers rakes in next weekend. rich: thank you. emily: meantime, apple said it pulled several parental control apps because of security and privacy concerns. the company also refuting a new york times report that apple removed the programs in an attempt to eliminate competition with its own screen time tools. apple argues these apps give control and axis over a device's user location, browsing history to a third party and in clear violation to the company's app store policies. mark gurman joins us now from l.a. what is your take on this story? mark: two things. one, apple makes a valid point. these applications are using a technology which is pretty improves -- intrusive for computer applications so it makes sense to pull them off of the app stor
india also was a much more recent growth market for us. we have been much more constrained by how quickly we can do a buildout than anything to do with streaming. i think it is an apples and oranges kind of thing. emily: imax ceo rich. good to have you with us. we will be watching to see what the avengers rakes in next weekend. rich: thank you. emily: meantime, apple said it pulled several parental control apps because of security and privacy concerns. the company also refuting a new york times...
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Apr 30, 2019
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india also has a much more recent growth market for us. been much more constrained by how quickly we can do in buildout than anything to do with streaming. i think it's an apples and oranges kind of thing. ceo,: all right, imax good to have you with us. thank you. >> thank you, emily. said iteantime, apple pulled several parental control applications from its stores because of security and privacy concerns. the company also refuting a report that apple removed the programs in an attempt to eliminate competition with its own screen time tools. apple argues these apps give users control over user history, andowser other things to a third-party. what is your take on this story? >> two things. i think apple makes a valid point. thee applications are using technology which is pretty intrusive for. consumer applications it makes sense to pull them off of the app store. my belief is apple has been slowly purging any type of application that uses that technology. which applications have had that technology for the past several years? what kind of
india also has a much more recent growth market for us. been much more constrained by how quickly we can do in buildout than anything to do with streaming. i think it's an apples and oranges kind of thing. ceo,: all right, imax good to have you with us. thank you. >> thank you, emily. said iteantime, apple pulled several parental control applications from its stores because of security and privacy concerns. the company also refuting a report that apple removed the programs in an attempt...
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Apr 18, 2019
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this is india's first social media election. every political party has been analytics, using social media tools to reach their audience. pushes ahat constantly message on the government, the opposition does the same, but they are using facebook and twitter videos to push their agenda. this is the first social media election india has seen. guy: good morning. one of the features of this election has been a focus on cashmere. -- kashmir. how much progress can we expect once we are done? if there is one area where the modi government has not done very well, it is tackling the issue of kashmir. since the government came into the office, the problem has gotten worse. there has been cross-border tension with pakistan around the same time. elections are not taking place in kashmir. have not been announced and the elections always have a lot of tension because of the history. it calls for local security forces to be garnered and so on. state, not like the rest of india, not like the other states where conducting elections -- and conduct
this is india's first social media election. every political party has been analytics, using social media tools to reach their audience. pushes ahat constantly message on the government, the opposition does the same, but they are using facebook and twitter videos to push their agenda. this is the first social media election india has seen. guy: good morning. one of the features of this election has been a focus on cashmere. -- kashmir. how much progress can we expect once we are done? if there...
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Apr 30, 2019
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hugeare -- you also saw a drop of iranian oil by asia, specifically india and china. the largest draw we have seen before the waivers are potentially getting pulled by both china and india out of iran. have a firmght now footing, so we are staying constructed on this. -- constructive on this. vonnie: how many more dollars can be included in the price of oil? >> right now, taking a look at the crude june options, they are pricing in plus or minus $4.50. you can see crude start to challenge that $60 level or challenge that $68 level. you will have to watch that $62.50 mark if you are still bullish on crude in the near term. vonnie: thank you, joe. buffett throwing a curveball into that oil merger fight we have been watching carefully. chevron/anadarko, investing $10 billion. joining us from houston is rachel adams of bloomberg news. rachel, my first question comes down to the structure of the artsy bid. i thought they had the financing lined up. does this pour cold water on that? rachel: that is what everyone is saying they thought it was in the bag. -- that is what eve
hugeare -- you also saw a drop of iranian oil by asia, specifically india and china. the largest draw we have seen before the waivers are potentially getting pulled by both china and india out of iran. have a firmght now footing, so we are staying constructed on this. -- constructive on this. vonnie: how many more dollars can be included in the price of oil? >> right now, taking a look at the crude june options, they are pricing in plus or minus $4.50. you can see crude start to challenge...
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Apr 11, 2019
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selena: at least four people were killed in clashes as india launched the world's biggest exercise in democracy. the prime minister seeks a second term. turnout is estimated at more than 60% with almost one billion people eligible to vote for 543 members of parliament. the election has one million polling stations and 10 million electoral officials. wikileaks founder julian assad has been charged in the u.s. after being expelled from his long-standing refuge in london and being immediately arrested. he appeared in court to complain about what he calls it illegal arrests at the start of what is expected to be a lengthy legal battle against his extradition to america. he's accused of a hacking conspiracy with former u.s. army analyst chelsea manning. it has been revealed that boeing said an upgrade to 737 max was not suitable for certain airports even before last month's fatal crash. plan documents said the should not be used at high or hot airports. altitude has not been cited as a factor in the disaster, but one pilot said it could have made the situation worse. to keep future tech st
selena: at least four people were killed in clashes as india launched the world's biggest exercise in democracy. the prime minister seeks a second term. turnout is estimated at more than 60% with almost one billion people eligible to vote for 543 members of parliament. the election has one million polling stations and 10 million electoral officials. wikileaks founder julian assad has been charged in the u.s. after being expelled from his long-standing refuge in london and being immediately...
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Apr 27, 2019
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in india for example, whatsapp has been blamed for the spread of viral rumors that have led to fresh waves of the violence. about how in non-english language communities you can see these tools used for ill. >> at the beginning, this is an integration of how the tools are , and trends happening in communities around the world. a determined thing that technology is the only problem. however, we are saying in many places around the world and increase in harassment and hate speech incitement and in extremist language, and social media platforms are not designed .o handle restrictions they are challenged when it is happening in languages other they areones monitoring for. they need to build up teams that can actually proactively respond in a timely manner to the and build of threats content moderation systems. myanmar is a good example and bangladesh as well. they are challenged in english speaking communities as we have learned. facebook released this statement, to the victims, and families and community affected by this horrendous act, teams from facebook are working to support law enf
in india for example, whatsapp has been blamed for the spread of viral rumors that have led to fresh waves of the violence. about how in non-english language communities you can see these tools used for ill. >> at the beginning, this is an integration of how the tools are , and trends happening in communities around the world. a determined thing that technology is the only problem. however, we are saying in many places around the world and increase in harassment and hate speech incitement...
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Apr 13, 2019
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we traditionally focus on china, india, u.s., and now latin america because it applies to that region of the world. emily: how much time will you spend on this latin america part of your job and your duties as coo of softbank group? >> we are pretty well-organized. we have a division fund, i run softbank international. most of the operating companies in the group. companies we have a majority ownership, such as energy groups. boston dynamics, sprint. i am launching a new technology fund. we are spending time in latin america but the core of my business is running the corporate group as well as the coo. we work in partnership. the four leaders in the company are able to accommodate possibilities accordingly. we have an amazing group of people through the world that supplement us. we are busy, there is a lot of activity. we are applying the same rigor and discipline. emily: you have a big ipo potentially coming up. what are your expectation for uber's ipo? >> we try not to comment on the potential we have invested in with the ipo. we have invested in a lot of tech companies that are gro
we traditionally focus on china, india, u.s., and now latin america because it applies to that region of the world. emily: how much time will you spend on this latin america part of your job and your duties as coo of softbank group? >> we are pretty well-organized. we have a division fund, i run softbank international. most of the operating companies in the group. companies we have a majority ownership, such as energy groups. boston dynamics, sprint. i am launching a new technology fund....
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Apr 9, 2019
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india's 250 million farmers are a key lock for the opposition congress party. former indonesian general -- is dismissing independent opinion polls and claiming he is on course to win next week's election. the presidenthat has a current double-digit lead, but the opposition says he will take more than 60% of the vote if an election were held today. polls suggest about 10% of indonesia's eligible voters remain undecided. presidentrida, trump's mar-a-lago resort had breached security, the suspect held in jail until his bail hearing. arrested march 30 for illegally entering the region and lying to a secret service agent. a lawyer says there are in explanations for the allegations against her. prosecutors say she could be formally indicted this week. global news, 24 hours a day on air and at @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm su keenan. this is bloomberg. >> thank you so much. we are looking at oil. speak,off its high as we 64.43, coming on the back of more dollar weakness, escalating the underlying
india's 250 million farmers are a key lock for the opposition congress party. former indonesian general -- is dismissing independent opinion polls and claiming he is on course to win next week's election. the presidenthat has a current double-digit lead, but the opposition says he will take more than 60% of the vote if an election were held today. polls suggest about 10% of indonesia's eligible voters remain undecided. presidentrida, trump's mar-a-lago resort had breached security, the suspect...
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Apr 30, 2019
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seeing quite a bit of weakness from that stock, the biggest laggard in india today. wh group, we've been watching the tradeke of talks. this is the port producer. did flagged challenges due to the swine flu virus and talks between the u.s. and china. they are seeing the best gain so far this year, mainly due to the fact that there is concern about the company already factored in. manus: thank you, juliette saly in singapore. china's manufacturing pmi slipped in april but make it above the 59. the data signals stabilization in the first quarter is still fragile. the factory gauge is still expanding but at a slower pace than march. the blackstone chairman schwarzman says china's economy looks solid after the stimulus. he spoke to bloomberg at the conference in beverly hills, california. >> china has stimulated its economy like they said they would when the tariffs went in. i was there four weeks ago. the people at the central bank were telling me it worked very nicely, and now you are seeing the results of that, which is -- has surprise some commentators that china's e
seeing quite a bit of weakness from that stock, the biggest laggard in india today. wh group, we've been watching the tradeke of talks. this is the port producer. did flagged challenges due to the swine flu virus and talks between the u.s. and china. they are seeing the best gain so far this year, mainly due to the fact that there is concern about the company already factored in. manus: thank you, juliette saly in singapore. china's manufacturing pmi slipped in april but make it above the 59....
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Apr 21, 2019
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the times of india said spice jet will take 40 of jet airway'' 747s. another airline will take several others. it will mean new employment for jet staff who faced being laid off by collapse. the airline suspended operations must week after failing to secure emergency funding -- last week after failing to secure emergency funding. paul: the bank of japan governor lowering his policy forecast. this is bloomberg. ♪ this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. it is a: 30 a.m. in sydney. the market won't open because it is a public holiday here and in new zealand. i am paul allen. shery: i am shery ahn in new york area you are
the times of india said spice jet will take 40 of jet airway'' 747s. another airline will take several others. it will mean new employment for jet staff who faced being laid off by collapse. the airline suspended operations must week after failing to secure emergency funding -- last week after failing to secure emergency funding. paul: the bank of japan governor lowering his policy forecast. this is bloomberg. ♪ this is bloomberg. ♪ comcast business built the nation's largest gig-speed...
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Apr 15, 2019
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. -- india has become the largest growing smartphone market in the world. the european union is taking a closer look at tax arrangements in ireland. authorities want to know how google uses operations there to reduce tax obligations within the european union. the rules limit tax perks provided by the european government. that is your latest bloomberg business flash. let's check u.s. markets now. , about 2/10s lower of 1% upbeat for the dow industrial average -- 1% apiece for the dow industrial average and the s&p 500. the u.s. bio index down 6/10 of 1%, and the financial index down about .5%. those, goldman sachs as well. theance data is one of biggest drags on the s&p 500. the epsilon sale price disappointed the streets, and that has ads down almost 10%. some games makers lower as well after apple said it was going into gaming. your markets look quite exciting relative to markets over here in europe. upe 100 down 1/10 of 1%, dax 40 splitting the difference. one thing in the mining sector, a decent outperform are as of late, is probably why we are seeing th
. -- india has become the largest growing smartphone market in the world. the european union is taking a closer look at tax arrangements in ireland. authorities want to know how google uses operations there to reduce tax obligations within the european union. the rules limit tax perks provided by the european government. that is your latest bloomberg business flash. let's check u.s. markets now. , about 2/10s lower of 1% upbeat for the dow industrial average -- 1% apiece for the dow industrial...